Banks douse hot property fears

Original article by Michael Bennet
The Australian – Page: 19 : 5-Feb-15

Commonwealth Bank of Australia and Westpac Banking on 4 February 2015 joined Bank of Queensland, ME Bank and ING Direct in passing on in full the Reserve Bank of Australia’s interest rate cut of 25 basis points to mortgage borrowers. Meanwhile sector experts have rejected claims that the new all-time low rate of 2.25% will exacerbate a price "bubble" in the residential real estate market, noting that the Australian Prudential Regulation Authority is tightening the rules on home lending

CORPORATES
RESERVE BANK OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, BANK OF QUEENSLAND LIMITED – ASX BOQ, MEMBERS EQUITY BANK PTY LTD, ING DIRECT, AUSSIE HOME LOANS LIMITED, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, SUNCORP GROUP LIMITED – ASX SUN, CITIBANK PTY LTD, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, MACQUARIE BANK LIMITED – ASX MBL, DEUTSCHE BANK AG

Leave a comment